07-01-2015 13:41 via news.yahoo.com

Mozambique must speed up LNG projects, reforms to maintain growth: IMF

JOHANNESBURG (Reuters) - Mozambique must complete contract negotiations for the production of liquefied natural gas (LNG) and also fast track key structural reforms to maintain strong economic growth, the International Monetary Fund said this week. The IMF forecasts the southern African nation's economy to expand by 7.5 percent in 2014 from 7 percent the previous year, but said delays in implementing reforms to tax administration and public financial management could hurt medium-term growth
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